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Trump doubles tariffs on India to 50%

DeFi Daily News by DeFi Daily News
August 7, 2025
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US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, according to the White House.

India’s Prime Minister Narendra Modi pledged to safeguard the interests of Indian farmers, saying they are “top priority”.

“For us, our farmers’ interests are top priority,” Modi said to applause at a conference in New Delhi Thursday. “India will never compromise with the interests of its farmers, herders, and fishermen. And I know that, personally, I will have to pay a heavy price for this — but I am ready for it.”

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